Centre Approves ₹887 Crore Mumbai Marina Project to Transform Harbour into Global Maritime Hub
In a major boost to India’s maritime and tourism sectors, the Centre has approved the development of a world-class Marina in Mumbai Harbour at an estimated cost of ₹887 crore. The ambitious project aims to position Mumbai as a leading maritime tourism destination while unlocking the potential of its historic waterfront. The project will be implemented through a hybrid development model, combining public investment in core infrastructure with private participation in onshore facilities. According to an official statement, tenders have already been floated, with bids scheduled to close on December 29, 2025. Hybrid Development Model Explained Under the approved framework, the Mumbai Port Authority (MbPA) will take responsibility for constructing the core marina infrastructure. The Authority is expected to invest approximately ₹470 crore toward marine-side infrastructure, including breakwaters, pontoons, and berthing facilities. Meanwhile, the selected private operator will invest an...